It has been reported that Japanese media company Nikkei Inc. is the latest organization to be hit by BEC scammers, costing the enterprise $29 million. The company confirmed last week that, in late September, an employee of its US subsidiary,”had transferred approximately 29 million United States dollars (approximately 3.2 billion Japanese Yen) of Nikkei America funds based on fraudulent instructions by a malicious third party who purported to be a management executive of Nikkei.”
Japanese media company Nikkei Inc. is the latest organization to be fleeced by BEC scammers, to the tune of $29 million. What happened? The company confirmed last week that, in late September, an employee of its US subsidiary,”had t… https://t.co/hnXXXzbMwW via @InfoSecHotSpot pic.twitter.com/9gkfQCjf4v
— Sean Harris (@InfoSecHotSpot) November 5, 2019
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@Felix Rosbach, Product Manager, provides expert commentary at @Information Security Buzz.
"The name of the game is sophisticated identity access management coupled with verification from an actual human. ..."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/experts-insight-on-media-giant-nikkei-hit-by-bec-scam-losing-29-million
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@Felix Rosbach, Product Manager, provides expert commentary at @Information Security Buzz.
"The name of the game is sophisticated identity access management coupled with verification from an actual human. ..."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/experts-insight-on-media-giant-nikkei-hit-by-bec-scam-losing-29-million
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@Martin Jartelius, CSO , provides expert commentary at @Information Security Buzz.
"But the best control is one that catches when the human fail...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/experts-insight-on-media-giant-nikkei-hit-by-bec-scam-losing-29-million
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@Martin Jartelius, CSO , provides expert commentary at @Information Security Buzz.
"But the best control is one that catches when the human fail...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/experts-insight-on-media-giant-nikkei-hit-by-bec-scam-losing-29-million
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@Ed Macnair, CEO , provides expert commentary at @Information Security Buzz.
"Traditional pattern matching technologies are useless against these modern techniques...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/experts-insight-on-media-giant-nikkei-hit-by-bec-scam-losing-29-million
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@Ed Macnair, CEO , provides expert commentary at @Information Security Buzz.
"Traditional pattern matching technologies are useless against these modern techniques...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/experts-insight-on-media-giant-nikkei-hit-by-bec-scam-losing-29-million